Commencing ‘Cash Out’?

Has the great "cash out" commenced? No, probably not. But US money market funds did just see their largest weekly outflow since June, data released late Thursday showed. The $22 billion exodus came on the heels of a massive $161 billion combined inflow over the prior two weeks. Consider this: Since early August, when a spate of lackluster US macro data and turmoil out of Tokyo prompted a fleeting risk-asset selloff, MMFs have a seen a net $535 billion of inflows, an astounding haul over suc